Auction Language

Auction Language

Auction: A public open forum sale at which a property is offered for sale, under specific terms and conditions, and is sold to the person who offers the highest bid at or above the reserve price. Vendor: The person who is selling the property. Reserve Price: The...
Bidding at an Auction

Bidding at an Auction

The Auctioneer will begin by reading the terms of the auction and outlining the conditions of sale. The Auctioneer will then describe the property and highlight its special features. The Auctioneer will now ask for an opening bid. When bids are called, you can attract...
Auction Process

Auction Process

How it works on the day Provide your ID and register with our Canadian Realty Auctions representatives in order to receive your numbered bidding paddle. Subject to the vendor’s reserve price, the highest bidder whose bid is accepted by the Auctioneer shall be the...